In 2007, Trinity was selected by Lowell as developer for 13 acres of vacant and underutilized land in the downtown dubbed the Hamilton Canal District. The city approved Trinity’s concept of a mixed-use neighborhood spanning the Merrimack, Pawtucket and Hamilton Canals that could transform the gateway of downtown Lowell by connecting the transportation hub at the Gallagher Terminal and the Lowell Connector with downtown, the Arts District and the major event venues.

The $500 million development includes 425,000 square feet of commercial office/space, up to 55,000 square feet of retail space and up to 725 apartments. A $175 million Lowell Trial Court is also planned for the area.

CB Richard Ellis will spearhead the office leasing efforts at 110 Canal St. in an adaptive reuse of a historic mill building. The leasing deal comes as the office availability rate in the 495 North area is more than 24 percent and average asking rents are just $17.40 for Class A space, according to a third quarter report by Jones Lang LaSalle (NYSE: JLL).